Bruce Marks speaks at RT’s Sanchez Effect in Moscow, Russia

American Perspectives on Global Affairs from Moscow In a recent episode of RT’s Sanchez Effect, host Rick Sanchez welcomed Bruce Marks, a former...

Bruce Marks speaks at ThoughtLeaders4’s Sovereign & States Litigation Summit USA

We’re pleased to announce that Bruce Marks, Founder and Managing Member of Marks & Sokolov, will be speaking at ThoughtLeaders4’s Sovereign...

Bruce Marks Speaks at the Pravo.RU Conference

On September 19, Bruce Marks, Founder and Managing Director of Marks & Sokolov, speaks at the session “Liability Under Control” during...

Sergei Sokolov speaks at the Forbes Federal Legal Forum 2025

On 18 September 2025, Forbes Russia will host the annual Federal Legal Forum in Moscow, a central event for the Russian legal community focusing on...

Marks & Sokolov Secures Another OFAC License for Release of Blocked Russian Client Funds

Marks & Sokolov is pleased to announce another success in our sanctions-related practice: we have obtained an OFAC license authorizing the...

​Updates on the recent Russian-related § 1782 applications – U.S. courts weigh discovery requests tied to sanctions, shareholder disputes, and asset battles.

Section 1782 of Title 28 of the U.S. Code allows parties to seek discovery in U.S. courts for use in foreign proceedings. In recent years, Russian...

Significant Changes to the Russian Arbitration System is to Take Effect on September 1, 2016

by | Aug 30, 2016 | Blog, M&S Updates

Major changes to the domestic and international arbitration in Russia will come in effect on September 1, 2016. The changes were introduced by Federal Law No. 382-FZ “On Arbitration in the Russian Federation,” and Federal Law No. 409-FZ “On Amending Certain Legislative Acts of the Russian Federation and Considering Paragraph 3 Part 1 Article 6 of the Federal Law ‘On Self-Regulating Organizations’ as Having Lost Its Force Due to the Adoption of the Federal Law ‘On Arbitration in the Russian Federation’”.
The arbitration reform extends this list of disputes subject to jurisdiction of international commercial arbitration to include disputes where a substantial part of the obligations arising from the relationships between the parties is to be performed abroad, or where the subject matter of the dispute is most closely connected with a foreign state. It also extends the scope of disputes pertaining to international investment, which may be made subject to the international commercial arbitration.
The reform implements new rules for administration of arbitration process. Permanent arbitration institutions may only be created under the auspices of non-commercial organizations and are required to obtain a license from the Russian Government. A number of restrictions placed on Ad hoc arbitrations, including limitation on jurisdiction of ad hoc panels to hear corporate disputes and inability to gain assistance from the Russian courts in collecting evidence.
The new law aims to resolve unclarities as to which corporate disputes can be subject to arbitration. It also provides that arbitration agreements can be part of the Russian company’s charter binding on all shareholders.
Some provisions of the laws will be taking effect after September 1, 2016.

For more information please contact Maria Grechishkina (mgrechishkina@mslegal.com) at (215) 569-8901.